Can I retire at age 51 with 728,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$60,118$59,582$59,060$58,550$58,052$56,787
2 years$29,761$29,207$28,670$28,149$27,644$26,376
3 years$19,644$19,087$18,551$18,035$17,538$16,307
4 years$14,586$14,031$13,501$12,993$12,508$11,323
5 years$11,552$11,000$10,477$9,980$9,509$8,372
6 years$9,530$8,983$8,467$7,981$7,524$6,438
7 years$8,087$7,544$7,036$6,562$6,119$5,084
8 years$7,004$6,466$5,967$5,505$5,076$4,092
9 years$6,163$5,630$5,139$4,689$4,275$3,340
10 years$5,490$4,963$4,481$4,042$3,642$2,756
11 years$4,940$4,418$3,945$3,517$3,133$2,294
12 years$4,482$3,965$3,501$3,085$2,715$1,922
13 years$4,095$3,583$3,128$2,724$2,367$1,620
14 years$3,763$3,257$2,810$2,418$2,075$1,371
15 years$3,476$2,976$2,537$2,156$1,827$1,164
16 years$3,225$2,730$2,300$1,931$1,615$992
17 years$3,004$2,514$2,093$1,735$1,432$848
18 years$2,808$2,323$1,911$1,563$1,273$726
19 years$2,632$2,153$1,749$1,413$1,135$623
20 years$2,474$2,001$1,606$1,279$1,014$535
21 years$2,332$1,864$1,477$1,161$907$460
22 years$2,202$1,740$1,361$1,056$813$396
23 years$2,084$1,627$1,257$962$730$342
24 years$1,976$1,525$1,162$877$656$295
25 years$1,877$1,431$1,076$801$590$255
26 years$1,785$1,345$998$732$532$220
27 years$1,701$1,265$927$670$479$190
28 years$1,623$1,192$862$614$433$164
29 years$1,550$1,125$802$563$391$142
30 years$1,482$1,062$747$517$353$123
31 years$1,419$1,004$696$475$319$107
32 years$1,359$950$650$436$289$92
33 years$1,304$900$607$401$261$80
34 years$1,252$853$567$369$236$69
35 years$1,202$809$530$340$214$60
36 years$1,156$768$496$313$194$52
37 years$1,113$729$464$288$176$45
38 years$1,071$693$435$266$159$39
39 years$1,032$659$407$245$145$34
40 years$995$627$382$226$131$29
41 years$960$597$358$209$119$25
42 years$927$568$336$192$108$22
43 years$895$542$315$178$98$19
44 years$865$516$296$164$89$17
45 years$836$492$278$151$81$14
46 years$809$470$261$140$73$12
47 years$783$448$245$129$67$11
48 years$758$428$230$119$60$9
49 years$734$409$216$110$55$8
50 years$711$390$203$102$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $728,000, adding $4,076 every year, while hoping to spend $29,591 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 57/34/9 Blend
50$728,000$728,000$728,000$728,000
51$806,460$767,876$756,592$850,488
52$857,235$774,018$750,454$886,778
53$912,196$779,468$743,117$922,640
54$971,741$784,163$734,513$960,996
55$1,036,304$788,032$724,564$1,002,088
56$1,106,364$791,003$713,194$1,046,182
57$1,182,447$792,996$700,320$1,093,574
58$1,265,133$793,929$685,857$1,144,589
59$1,355,058$793,713$669,715$1,199,589
60$1,452,923$792,254$651,799$1,258,971
61$1,559,499$789,453$632,013$1,323,176
62$1,675,635$785,203$610,252$1,392,688
63$1,802,265$779,393$586,410$1,468,044
64$1,940,416$771,902$560,375$1,549,837
65$2,091,219$762,606$532,028$1,638,723
66$2,255,920$751,371$501,248$1,735,423
67$2,435,889$738,053$467,905$1,840,737
68$2,632,636$722,504$431,866$1,955,546
69$2,847,822$704,564$392,991$2,080,826
70$3,083,277$684,065$351,133$2,217,650
71$3,341,015$660,828$306,140$2,367,208
72$3,623,254$634,664$257,851$2,530,810
73$3,932,438$605,375$206,101$2,709,904
74$4,271,256$572,748$150,715$2,906,089
75$4,642,672$536,560$91,512$3,121,129
76$5,049,948$496,575$28,301$3,356,972
77$5,496,678$452,543$0$3,615,769
78$5,986,822$404,200$0$3,903,652
79$6,524,739$351,266$0$4,222,626
80$7,115,232$293,448$0$4,572,882
81$7,763,592$230,433$0$4,957,632
82$8,475,646$161,893$0$5,380,420
83$9,257,816$87,479$0$5,845,153
84$10,117,173$6,825$0$6,356,144
85$11,061,509$0$0$6,918,149
86$12,099,407$0$0$7,566,514
87$13,240,324$0$0$8,282,111
88$14,494,678$0$0$9,068,929
89$15,873,947$0$0$9,934,177
90$17,390,777$0$0$10,885,797
91$19,059,101$0$0$11,932,539
92$20,894,269$0$0$13,084,046
93$22,913,196$0$0$14,350,939
94$25,134,516$0$0$15,744,924
95$27,578,762$0$0$17,278,896
96$30,268,558$0$0$18,967,065
97$33,228,831$0$0$20,825,087
98$36,487,047$0$0$22,870,214
99$40,073,471$0$0$25,121,455
100$44,021,450$0$0$27,599,754